CSCO - where's the bottom?!?!? Bear Thread Message Board

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Technology Stocks : CSCO - where's the bottom?!?!? Bear Thread

CSCO 73.99

+3.1%

3:59 PM EST

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To: Monty Lenard who wrote (144)	11/27/2000 8:32:11 PM
From: t2	Read Replies (2) of 253

Don't you think that Cisco would have been at 40 given the decline in the Nasdaq. NT surely would not have bounced. As long as the overseas economies don't self destruct, US techs will be able to generate more revenue as the costs to the foreign countries of US technology will be lower. My assumption is that we are about to move from a slowdown to an economic uptick soon. The market discounts these events very early. If the slowdown is 1st half of next year followed by an upturn last half of 2001, you can bet investors will not be waiting to buy stocks that long. That is what discounting future events in current prices is all about. IMHO, the slowdown is already factored in. Now the market is trying to figure out how much of a slowdown. I think it won't be bad and the stocks will start to provide indications of this.

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